First Lien Bondholder, Through its Counsel Kramer Levin, Discloses Information Provided by Caesars During Settlement Negotiations

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NEW YORK--()--Pursuant to the terms of a Confidentiality Agreement dated September 11, 2014 (as subsequently amended and restated from time to time, the “Confidentiality Agreement”) among Caesars Entertainment Operating Company (“CEOC”) and Caesars Entertainment Corporation (together with CEOC, “Caesars”), on the one hand, and a holder of first lien bonds issued by CEOC (the “First Lien Bondholder”), on the other hand, the First Lien Bondholder today is disclosing certain information received from Caesars under the Confidentiality Agreements.

Pursuant to the Confidentiality Agreement, the First Lien Bondholder and its representatives are permitted to make public disclosure of certain information upon termination of the Confidentiality Agreement. The First Lien Bondholder’s Confidentiality Agreement with Caesars has terminated and, accordingly, the First Lien Bondholder is hereby disclosing materials that were provided to it pursuant to its Confidentiality Agreement, as well as materials prepared by it and/or its advisors and provided to the Company pursuant to the Confidentiality Agreement.

The information being disclosed was prepared by the Company or its advisors or, to the extent prepared by the First Lien Bondholder or its advisors, was based on information provided by the Company pursuant to the Confidentiality Agreement or publicly available information. Accordingly, the First Lien Bondholder and the advisors to the First Lien Bondholder make no representations or warranties as to the factual accuracy or reliability of any of the disclosed information or of its materiality for any purpose.

Contacts

Kramer Levin Naftalis & Frankel LLP
Daniel Eggermann, 212-715-9100

Contacts

Kramer Levin Naftalis & Frankel LLP
Daniel Eggermann, 212-715-9100